Swiss National Bank Increases Holdings in American Water Works Company, Inc. (NYSE:AWK)

Swiss National Bank raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 578,200 shares of the utilities provider’s stock after buying an additional 1,400 shares during the quarter. Swiss National Bank’s holdings in American Water Works were worth $84,556,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in American Water Works during the second quarter valued at $30,000. Catalyst Capital Advisors LLC increased its holdings in shares of American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of American Water Works in the 2nd quarter worth $46,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of American Water Works in the 2nd quarter worth $50,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of American Water Works in the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE:AWK opened at $136.67 on Tuesday. The stock has a 50-day simple moving average of $140.82 and a two-hundred day simple moving average of $137.57. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The firm has a market capitalization of $26.64 billion, a PE ratio of 27.06, a P/E/G ratio of 3.12 and a beta of 0.70.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.24%. American Water Works’s dividend payout ratio is currently 60.59%.

Analyst Ratings Changes

A number of analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Finally, Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $140.00.

Insider Buying and Selling

In related news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by company insiders.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.